What You Need to Know Before Funding a Backdoor Roth
Those considering a backdoor IRA need to have a long time horizon and must carefully weigh the tax effect that other IRA assets may have on the conversation, says expert and author Ed Slott.
Christine Benz: Hi, I'm Christine Benz for Morningstar.com.
Even if you earn too much to contribute to a Roth IRA outright, you can still get in through the backdoor. Joining me on the phone to share some tips on this strategy, is retirement expert and author Ed Slott.